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Exam 15: Unemployment

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Question 221

Multiple Choice

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Access to which of the following explains the lower growth rate for the American economy in the 21st century compared to the previous 250 years?

A) food stamps
B) Social Security disability payments
C) Pell grants
D) All of the above are correct.

E) A) and D)
F) A) and C)

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Question 222

Multiple Choice

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The reported unemployment rate should be viewed as

A) a useful but imperfect measure of joblessness.
B) clearly smaller than the true unemployment rate.
C) clearly larger than the true unemployment rate.
D) being very close to the true unemployment rate.

E) A) and B)
F) None of the above

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Question 223

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Adults who were waiting to be recalled to a job from which they had been laid off are included in the Bureau of Labor Statistics' "employed" category.

The Bureau of Labor Statistics' U­4 measure of joblessness includes discouraged workers.

Almost nine-tenths of all spells of unemployment end when the unemployed person finds a job.

Unemployment insurance

Since unemployment rates are consistently higher in Canada and some Western European countries than in the United States, it appears that the natural rate of unemployment is lower in the United States. What might explain this difference?

Which of the following was not among the four industries with the largest employment in the United States a century ago?

Consider two people who are currently out of work. Tim is not looking for work because there have been many job cuts where he lives, and he doesn't think it likely that he will find work. Bev is not currently looking for work, but she would like a job, and she has looked for work in the past. The Bureau of Labor Statistics considers

Table 28-3 2009 Labor Data for Baltivia -Refer to Table 28-3. How many people were unemployed in Baltivia in 2009?

Suppose there are a large number of men who used to work or seek work who now no longer do either. Other things the same, this makes

Table 28-4 2010 Labor Data for Adults ages 16 and older) in Meditor -Refer to Table 28-4. What is the adult female labor force in Meditor?

Suppose that the adult population in the country of Atlantis is 115 million. If 80 million people are employed and 5 million are unemployed, then

Three possible reasons for an above-equilibrium wage are minimum-wage laws, unions, and efficiency wages.

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The number of adults not in the labor force of Aridia in 2011 was

The unemployed who quit their jobs, were fired for cause, or just entered the labor force are not eligible for unemployment insurance.

Give a few examples of how sectoral shifts temporarily cause unemployment.

Sectoral shifts temporarily cause unemployment.

The labor-force participation rate is computed as

Compare the 2012 unemployment rates and labor-force participation rates of whites, blacks, adults of prime working age ages 25-54), and teenagers ages 16-19).